SPIRITUAL STEWARDSHIP OF THE US WEALTH ENGINE

NO AMOUNT OF CONSERVATIVE ACTIVISM WILL PREVAIL WITHOUT A STRONG SPIRITUAL FOUNDATION

No war has ever been won without the triumphant knowing the enemy. Throughout the history of the United States, some of the most crucial decisions in military and diplomatic leadership were made from the standpoint of a strong spiritual foundation. We knew who we were. We were the preservers of our God given freedoms. We were the caretakers of our economic engine through investment and innovation. We were also a nation grateful for our religious freedom, the freedom to live strong spiritual lives, and humble enough to acknowledge the need for God’s blessing upon us as a nation.

We did not inherit our wealth engine through the mere ingenuity of our forefathers. We inherited our unique and unprecedented economic engine through their exercise of the economic freedom granted to us by God and blessed by God. Preserving this economic engine as a producer of wealth will require that we regain our true identity as a nation under God, given this important role. The reason this engine works is that it is designed to respond to a particular aspect of our human nature, the part that assigns value to everything we experience. Only through religious freedom, could this engine be discovered and successfully managed to grow the American economy.

It is vitally important for our young people to understand how we have managed our economic engine in the recent past to understand how to manage it in the future. The video below explains, in basic terms, how it has been managed in the last 12-13 years.

US Wealth Engine

The Next Battlefront Against The Globalist Takeover

In the video below, I describe the urgency of empowering our young conservative adults to develop the strength of character, the knowledge and understanding of the globalist takeover effort, and the spiritual strength to pray, petition, and vote locally against their socialist agendas.

The Next Battlefront

Do We Know Who We Are?

It is often said that in order to defeat the enemy, one must know who oneself is and who the enemy is.

In regards to the first question, we are really struggling. First of all, we really don’t have a we anymore. Our most prestigious educational institutions and our public schools are lead and operated by those who believe the United States is a racist, hateful country. The leadership of our largest cities have taken that ethos and have defiantly acted upon it, causing the most violence and chaos we have ever experienced. We now believe we are a nation that must tolerate the indoctrination of our children against our identity, that we can simply change our identity by denying our history, depreciating the ultimate sacrifices made to preserve our freedoms. We, as a country, no longer need God’s blessing as a nation.

Having grown comfortable and secure in our homes and communities, young conservatives have not had the urge to learn how to petition their local governments. More and more young people are transients in their communities. They have less and less stake in the economic future of their communities. They don’t see a future on their parent’s farm or in their small town. They haven’t been motivated to learn how their city councils and their county commissioners operate. They don’t know how their taxes are being spent. They don’t know their mayor or their state representatives. They don’t believe they can make a difference. More and more young people are losing confidence and interest in building a home and raising a family. The globalists are quickly taking advantage of this major change in our society. Our young people have come to believe it isn’t worth the effort.

In regard to the second question, during the Revolutionary War, we had come to know the evil wrath of a tyrannical king and his soldiers. The decision to go to war in the first place was made after several church meetings and much fervent prayer. These men absolutely knew the imperative of the moment and the magnitude of what was at stake. They all risked their lives by signing the Declaration of Independence, the soldiers suffering the cold, dying of pneumonia, if not by the blade of the bayonet or the shot of a musket. By WWII, we had nurtured and maintained a strong spiritual identity as patriots of freedom, and upon entering the war, we understood that Hitler was an evil despot out to conquer the world. We also knew we needed God’s blessing to have any chance of defeating him. We absolutely did not know the tremendous cost it would entail in terms of American lives. When our own national security had become threatened, the lives of our children depended on our military leadership knowing our earthly enemies, we took great risk to get the best intelligence as to the extent of Hitler’s military capabilities, and his ideology guiding military decisions. We went to extraordinary lengths to intercept their communications. But we really didn’t know the extent of Hitler’s evil and his demonic hatred for the Jewish people, wherever they may be found, until the end of the war! Upon going to war in Vietnam we had lost our sense of identity as a nation, our role as a nation under God, and eroded the strength of our spiritual character. Then, upon going to war in Vietnam, we had totally lost our identity as a nation, unwilling and unable to honor our veterans.

Upon entering the war in Iraq, not only did we not know who we were, but we had no clue of who our enemies were, nor did we have an interest. Even with more weaponry and more advanced technology, we were absolutely unable to succeed, again losing many more lives than we could have imagined at first.

Our enemies know who they are and who we are. They have captured our children, our educational institutions, and our cities. They are now so emboldened that they believe they can ignore our Constitution and create their own laws, that they can construct their own exclusive jurisdictions. Our enemies are those who hate our religious and economic freedom and and the source and authority for them, God and our Constitution. Let me be very clear! They do not belong to any one race or ethnicity. In fact, they are comprised of many races, ethnicities, and nationalities. They believe their purpose in life is to destroy the United States as it is and to construct a totally unrecognizable socialist country that is totally owned and controlled by a centralized government. They sincerely believe that they will make the world a better place by destroying the wealth engine of the United States and all of its social and spiritual motives for preserving it. They will not rest until the US economy is totally dependent on its rivals for its survival. The globalist machine is sponsoring and using our enemies to achieve this end.

As federal funds are pulled from sanctuary states, the globalists are doubling down on state and city revenue, spending taxpayer money on building low income housing on the outskirts of major cities to house illegal migrants and those who would keep the local and state elected officials in power. They are also poised to annex buildings from outside the city for the same purpose. There will be a greater and greater effort to urbanize the suburbs, further depreciating private property while inflating property tax assessments. They achieve this by funding the campaigns of radical socialist candidates. The globalists are paying professional activists to make it seem like there is a popular demand for their radical policies. The globalists know our legislative and democratic processes and install their candidates to radicalize our towns and cities. They know that the young conservatives have no clue about how their strategies work, nor how they could act to impede their efforts.

In reality, our common enemy amongst all opposing human factions around the world is Satan, the Deciever. Like a candyman out of a fairytale, he is enticing our children to vote for free stuff, stealing their motive to work and learn. He is enticing them with digital distractions that allow him to steal their desire to have and build real relationships. He is turning their bodies into his billboards. Our children, more and more, desire a carefree turnkey existence, with no desire to build strong character, easily influenced by their surrounding peer culture. They are, less and less, appreciating economic and religious freedom, more and more, willing to vote those freedoms away. Yes, Satan uses weak character, malleable people to pursue his interests against his Creator. One of the outward affects of his successes is the urbanization and impoverishment of rural America. In order to defeat Satan’s hold on this country, young people will have had to choose, by faith and in fervent prayer to recognize his presence and his devices and to engage their communities in spiritual, conservative activism, writing and signing petitions to impede the globalist city councils and county commissioners from eroding their economic and religious freedoms, their property values and their potential for economic growth. If he is defeated, you will see the economic and spiritual growth of small towns and villages across the entire country.

  1. Current US Inflation Rates 2000-2025 https://www.usinflationcalculator.com/inflation/current-inflation-rates/
  2. Trading Economics, “United States Inflation Rate” https://tradingeconomics.com/united-states/inflation-cpi#
  3. FRED: Disposable Household Income https://fred.stlouisfed.org/series/W388RC1A027NBEA
  4. Joint Center For Housing Studies of Harvard university, “The Homeownership Rate and Housing Policy” https://www.jchs.harvard.edu/sites/default/files/research/files/harvard_jchs_homeownership_rate_layton_2021.pdf
  5. Treasury.gov, Fiscal Data, “How much revenue has the U.S. government collected this year?” https://fiscaldata.treasury.gov/americas-finance-guide/government-revenue/#sources-of-federal-revenue
  6. Corporate Income Tax: Effective Rates Before and After 2017 Law Change https://www.gao.gov/products/gao-23-105384
  7. TAX EXPENDITURES FISCAL YEAR 2025 https://home.treasury.gov/system/files/131/Tax-Expenditures-FY2025.pdf
  8. Obama’s Big Tax Increases on Small Business https://www.aei.org/articles/obamas-big-tax-increases-on-small-business/
  9. Tax Cut Bill Signed Into Law by President Obama https://www.theepochtimes.com/article/tax-cut-bill-signed-into-law-by-president-obama-1504945?utm_medium=DigitalMkt&utm_source=google&utm_campaign=PM_max_July4th_20250629&gad_source=5&gad_campaignid=22667720534&gclid=EAIaIQobChMIvILJ36qwjgMVE2dHAR2BsxrrEAAYAiAAEgJ_gfD_BwE
  10. Obama Corporate Tax Reform Will Harm U.S. Firms, Veronica de Rugy https://www.mercatus.org/economic-insights/expert-commentary/obama-corporate-tax-reform-will-harm-us-firms
  11. Monthly Treasury Statement (MTS), Treasury Fiscal Data https://fiscaldata.treasury.gov/datasets/monthly-treasury-statement/receipts-of-the-u-s-government
  12. Federal government current tax receipts: Personal current taxes (A074RC1Q027SBEA) https://fred.stlouisfed.org/series/A074RC1Q027SBEA#
  13. Federal government current tax receipts: Taxes on corporate income (B075RC1Q027SBEA) https://fred.stlouisfed.org/series/B075RC1Q027SBEA#
  14. Total Revenue for Health Care and Social Assistance, Establishments Exempt from Federal Income Tax, Employer Firms (REVEF62TAXEPT) https://fred.stlouisfed.org/series/REVEF62TAXEPT
  15. Federal Government; Capital Transfers Received, Estate and Gift Taxes Paid by Persons, Transactions (BOGZ1FA315400053A) https://fred.stlouisfed.org/series/BOGZ1FA315400053A
  16. Federal government current tax receipts: Taxes on production and imports: Customs duties (B235RC1Q027SBEA) https://fred.stlouisfed.org/series/B235RC1Q027SBEA#
  17. Analytical Perspectives, Budget of the U.S. Government, Fiscal Year 2024 https://www.govinfo.gov/content/pkg/BUDGET-2024-PER/pdf/BUDGET-2024-PER.pdf#page=211
  18. Economics of Federal User Fees https://www.everycrsreport.com/reports/R45463.html
  19. Federal User Fees:Budgetary Treatment, Status, and Emerging Management Issues https://www.gao.gov/products/aimd-98-11
  20. President Biden Signs Final Round of FY 2024 Appropriations Bills https://cossa.org/president-biden-signs-final-round-of-fy-2024-appropriations-bills/
  21. The Inflation Reduction Act was built on a lie. Repeal it all, Jason Isaac, Paul Teller https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/3377867/inflation-reduction-act-built-on-lie-repeal/?utm_source=google&utm_medium=cpc&utm_campaign=WE_Search_Brand-June&gad_source=5&gad_campaignid=22709573980&gclid=EAIaIQobChMIltKn0evnjgMVp1RHAR1r0SbeEAAYASAAEgJ1CPD_BwE
  22. The Inflation Reduction Act after Two Years: Spending Estimates Reach New Heights, but Green New Deal Supporters Want More, Travis Fischer, Joshua Loucks https://www.cato.org/blog/inflation-reduction-act-after-two-years-spending-estimates-reach-new-heights-green-new-deal
  23. Biden Signs $1.2 Trillion Budget Bill Into Law https://www.theepochtimes.com/us/biden-signs-1-2-trillion-budget-bill-into-law-5613671?utm_medium=DigitalMkt&utm_source=google&utm_campaign=PM_max_July4th_20250629&gad_source=5&gad_campaignid=22667720534&gclid=EAIaIQobChMI4cLrpebnjgMVmVhHAR31bSpDEAAYAiAAEgLbK_D_BwE
  24. Obama and USAID: the need for genuine evaluation https://odi.org/en/insights/obama-and-usaid-the-need-for-genuine-evaluation/
  25. Congress Must Stop Biden’s Misuse of U.S. Foreign Aid to Impose His Radical Social Agenda on the World https://www.congress.gov/118/meeting/house/116508/documents/HHRG-118-GO06-20231025-SD004.pdf
  26. The Unmasking of USAID https://www.heritage.org/progressivism/commentary/the-unmasking-usaid
  27. LIST: ‘Insane priorities’ of USAID spending during Biden Administration https://katv.com/news/nation-world/list-insane-priorities-of-usaid-spending-during-biden-administration-foreign-assistance-president-donald-trump-karoline-leavitt-condoms-in-gaza-elon-musk-department-of-government-efficiency
  28. Obama Administration Finalizes Move To Limit Climate Change Caused by Autos https://earthjustice.org/press/2010/obama-administration-finalizes-move-to-limit-climate-change-caused-by-autos
  29. Endangerment and Cause or Contribute Findings for Greenhouse Gases Under the Clean Air Act https://www.epa.gov/climate-change/endangerment-and-cause-or-contribute-findings-greenhouse-gases-under-clean-air-act-0
  30. What are the key items in Trump’s sprawling budget bill? https://www.bbc.com/news/articles/c0eqpz23l9jo
  31. Local politics is the front line of The Revolution. Example: Portland, Oregon. https://www.youtube.com/watch?v=1Xbkz__U46c
  32. Duplin board faces backlash over $5400 golf membership amid transparency concerns https://www.youtube.com/watch?v=XBXhFnR36vo
  33. Separation of Church & State History https://www.nps.gov/articles/000/church_state_historical.htm
  34. The George Soros philosophy – and its fatal flaw https://www.theguardian.com/news/2018/jul/06/the-george-soros-philosophy-and-its-fatal-flaw
  35. Study exposes George Soros’ “network of media ties” to manipulate public opinion
    https://english.news.cn/20230126/7390a9b0dfdd45ac8999b117c5293ce7/c.html
  36. Knowing Thy Enemy: Decisionmaking of Regional Adversaries https://www.washingtoninstitute.org/policy-analysis/knowing-thy-enemy-decisionmaking-regional-adversaries
  37. The Dragon’s Prophecy: Johnathan Cahn

The Future of American Individual Freedom

Is individual freedom guaranteed by the US Constitution? If it was, there would have been no need for the heroes of the War of 1812 who fought off the Royal Navy 5 times their size. There would have been no need for the Civil War, the cost for the freedom of African American slaves. There would have been no need for the US Supreme Court who’s role is to ultimately decide in support of the Constitution. There would have been no need for the lives spent on WWI and WWII. Less understood today, there would have been no need for the Palmer Raids, arrests and deportations of well known anarchists and political activists Emma Goldman and Alexander Berkman in December, 19191, nor the arrests and deportations of Communist Party leaders in arrests and convictions of 11 Communist Party leaders in June 1949 under the Smith Act of 1940.2 The even darker forces against individual freedom in the United States have always emanated from its own citizens, those who never came to understand the irrevocable relationship between individual economic freedom and economic competition. They seem to be unwilling to accept the reality that economic competition is morally sound and is the only way to maintain economic stability, not just in a capitalist country such as the US, but internationally as well. The myth that it favors one race above another is an excuse for the failing subcultures that abdicate personal responsibility and the politics that support it. It is expressly because of the US Constitution that those organizations and their voices against individual freedom are, indeed, allowed to threaten that freedom. The history of the United States Socialist and Communist parties is that they had been quite marginalized until relatively recently. Political organizations such as these always take advantage of periods of economic hardship to blame the rich and their politics for their poverty, disease and social unrest. The notion that everyone is entitled to an equal portion of wealth regardless of their life choices and the value of their contribution to society has successfully migrated into American society, initially through the anti-establishment hippie movement of the early 1960s, and then through the completely antithetical educational system of the last 30-40 years. Prior to these influences, American society had fostered a greater grasp of the evils of communist philosophies that had already been proven toxic to society and the individual, to the level of civility of society, and to the inherent value of the individual. This, as the result of affected individuals immigrating to the United States for this very reason, willing to risk everything for the attainment of legally guaranteed individual freedom from governmental tyranny. By WWII, many of our teenagers had matured into the knowledge of the evils of communist rule and invasion and the real threat to the security of the United States, having become well motivated to the point of sneaking into the armed forces under-age to risk their lives for the sake of defending individual freedom. There were many very heroic American young men that gave their lives defending individual freedom for people all over the world but especially for our country. That is what patriotism meant in our society. The firsthand knowledge and experience of governmental tyranny and economic control, which was effectively communicated through the family culture and supported by social studies classes in their schools, and their observation of the obvious disparity between their standard of living and what was made known about the economies around the world, became a great part of the basis for their understanding. This healthy grasp of the value of our constitutional freedom, that previous generations had given their lives for, was the result of a respected teaching profession unfettered by a centrally controlled curriculum established in the late 1960s with the desperate goal of indoctrination above genuine education.

So, what drives our citizens today to support communist ideals? The short answer is the lack of awareness of economic reality and the true and historically proven consequences of socialist and communist economic decisions. In this context, many higher educated young people have evolved a belief that no country has a pure economic system, and that the United States has a mixture of socialism and capitalism, and that capitalism must be restrained in favor of socialism to promote a “fair distribution of wealth”. The individual must be forced to sacrifice personal ambition and personal gain for the common good. This, they believe, is the best way, indeed the most moral way, to maintain economic stability. Out of context, this can actually be made to appear logical. In the context of lifeboats on the Titanic, this can make sense. But in the context of economics, it is no longer logical because wealth is not a static commodity that is of constant value over time. Wealth is constantly being produced and consumed. The attempt to distribute it evenly from producers to consumers has always rendered impoverishment, as a civil society’s demand for wealth is constantly increasing while capital for technological progress is depleted. As for the philosophy of “the common good”, there can only be a common good amongst a society that allows government to dictate what that common good is, what medicines, what doctors, what type of education, what curriculum, etc… This type of society cannot tolerate individual freedom. Our young people have been influenced to have an emotional attachment to this belief which is absolutely not supported in present day world economics with plenty of absolute examples, much less the many examples throughout world history. They cannot recognize that the “socialism” of a growing, and therefor stable capitalist society, is a necessary economic safety net for those that cannot support their individual needs, not for those who are unwilling. The socialist society is one that maximizes their welfare state and uses taxation to equalize the distribution of wealth. This is born out of and fueled by the envy of those that cannot tolerate the fact that people realize different levels of economic reward based on merit, a system that prevents any one human entity from assigning value to goods and services, that system being the free market. So their solution to their perceived problem is simple: governmental control of the world economy. They believe that the bigger the private enterprise, the greedier the owners and executives. They are captured by the seeming immorality of a private entity to profit over anyone’s need for healthcare, or for anyone’s need for education, or for housing. They believe that the profit motive is purely the result of greed and the root of poverty in the United States and the world. This, in complete ignorance of the actual role of profit in managing any private entity, but specifically in corporate financial stewardship. Indeed, the drivers of our public and many private educational institutions have secured the absence of genuine economics and world history in the traditional American curriculum. Here, in the one country in the world which legally guarantees individual economic freedom, is there a stark absence of instruction in economics from grade school through high school, the highest standard of which is teaching high school students how to balance a personal checkbook.

So their solution to their perceived problem is simple: governmental control of the world economy.

Today, it is now well known that these same dark forces are better globally organized and funded primarily by rogue American government agents and billionaire elites. This money pays for the propagation of mainstream media mythologies and social media advertising. It pays for socialist activist programs in the public and private sector, mostly concentrated in our more densely populated metropolitan areas. These influences are much more sophisticated and pervasive in our young people’s world, taking advantage of their relative naivety. It pays for the campaigns of socialist and communist local officials in our most prominent cities, and for those of liberal activist federal judges across the country. It also pays for the smear campaigns against the most threatening candidates vowing to come to the defense of individual freedom.

No presidential administration will be able to effect lasting change in our young people’s awareness and understanding of the reality of economics and human nature without an all out transformation of our educational culture. By that, I mean all those daily influences that effect their education. We need better educated young people to become the leaders of American society, to be able to demonstrate and explain the myths of socialism and communism, to be able to explain the impact of religious and economic freedom on a nation’s level of civility and economic stability. We need strong young leadership that can explain the stealth tactics of globalists to indoctrinate them into surrendering the sovereignty of their entire country, thus enabling those same globalists to gain control of the world economy. The only preventative to an irreversible revocation of individual freedom is an effectively informed generation of young adults and their effectively motivated leadership.

As many of us are well aware, American society is being challenged by the loss of the recognition of what a well educated young generation is like, and what it takes to produce it. In the end, it is not the illegal migrants that will be blamed for the decay of American society, for it was decaying before the Obama and Biden administrations. It is the growing unawareness, the complacency, the false sense of security of the average citizen that will be blamed for its total collapse.

As many of our young people have been surrounded by the enticement of passive mainstream media influences, by the cultural pressure to conform to the myths of failed socialist and communist ideologies, and the acceptance of misrepresentations of the actions and public statements of conservative leaders, they desperately need a place where they can ask honest questions about themselves and the world they’ve inherited. We not only need more innovative entrepreneurs, more armed forces enlistees, more capable and unrestrained teachers, more basic science researchers, etc… The only way to empower our society is to produce a growing army of spiritually motivated young adults that thrive on “doing hard things”, like meeting the challenge of tough learning curves in formal and informal education, of learning in their best interests, not their passive emotionally driven spontaneous interests, of practicing physical discipline in terms of diet and exercise, of developing strong character through service and humility, and most importantly, of asking deep and personal biblical questions that strengthen and develop their personal relationship with God. As for me, it is with Jesus Christ. Many of our young people are immersed in a religious culture that hinders the development of a personal relationship with God, hindering their identity as learners, as servants, and as leaders. We will need this army because of the growing sophistication of distractions and deceptions being thrown their way. They will more severely be challenged to become the exact opposite of what I have just described. Will they have the motivation to become aware of the dealings of their local government and voice their opinions and concerns. Will they be motivated to petition their local leaders when there is the moral imperative to do so. Will they care if their local government leaders are acting in their best interests? Will they be motivated to voice their opinions and concerns in their workplace and in their places of worship? Will they take leadership and responsibility in their children’s education? One truth I am certain of: The United States will not prevail in the absence of such leadership. One great example of taking advantage of the fundamental freedoms of our Constitution lies in the life of George Washington Carver, the self made doctor of botany, invited by Booker T. Washington to teach at Iowa Agricultural College after the loss of both of his parents by age 12, starting formal education in a one room schoolhouse in Missouri. This self made scholar captured a such a strong passion for learning that allowed him to defy incredible odds in his present day society.

“Education is the key that unlocks the golden door to freedom.”

George Washington Carver

The globalist machine is desperate to block the American conservative agenda from gaining traction in our young adults’ education. Now that the federal route has been severely challenged, they will double down through the local route in ways not ever seen before. They will want to defend their radical curriculum through local government. As federal taxes are decreased, they will influence state legislators and liberal governors to increase state taxes and “user fees”. The globalists will also influence city councils and county boards to increase property tax rates. They will create incidents and scenarios in order to sway the local public opinion about “racism” in schools, and all sorts of public places, demanding local and state legislatures for DEI to be re-instated. They will instigate incidences that bait the police into racial conflicts, redirecting funds from police payrolls to social worker payrolls. They will use these scenarios to sway public opinion to support confiscation of guns and ammunition from law abiding citizens. They will groom future city councilmen and women, future town councilmen and women , and future county commissioners to raise taxes and over regulate local businesses. They will also groom future activist lawyers to be installed into the federal judiciary. They will double down on smearing the most threatening conservative elected legislators and judges. They will argue that there can be no equal opportunity without the redistribution of wealth from the suburbs to the cities. They will try to perpetuate the welfare state in the cities as they go after state taxes and blame the present administration for the lack of state and local funds. They will quietly spend state taxpayer funds by passing welfare bills and supporting illegal aliens, forging an unconstitutional path to their citizenship that excludes legal entry, allegiance to our country, and full assimilation. They will argue that the conservatives have misinterpreted the US Constitution to serve themselves, stating that the checks and balances were intended to keep a president from single handedly deporting criminal aliens without due process, that he is not empowered to choose who he will and will not work with in the federal agencies, nor which foreign states are a threat to our national security. They will argue that as long as whoever enters the country and does not threaten to conquer it militarily cannot be a national security threat. They will argue that the main purpose of the Constitution is not to guarantee individual religious and economic freedom but to guarantee that the judicial branch has broader powers to check the executive branch in terms of executive orders regarding immigration and citizenship. They will depreciate the historical interpretation of the US Constitution by doubling down on this indoctrination in the public schools. They will deem the founding of this country completely irrelevant and depict it as a criminal and greedy revolt against the established colonial authority which was “provoked” into restraining the colonists.

The globalist machine is desperate to block the American conservative agenda. Now that the federal route has been severely challenged, they will double down through the local route in ways not ever seen.

summary motion graphic

What is most needed right now are young people that can effectively debate and debunk the myths and flaws in these claims, young people that can debate well informed and logical rebuttals to all these claims. This can only result form a much stronger emphasis in civics education, designed and administered through talented teachers that have a strong foundation in world history and American government.3 We need an army of self motivated learners, servants, and leaders who demand the end of public school indoctrination and are motivated to challenge their local and state governments to authorize and enforce this great transformation. We desperately need this army in our metropolitan areas, where the misallocation of public funds runs rampant. Young people who get familiar with their city councilmen and county commissioners, with their mayor, their police chief, and their sheriff, will be most likely to be able to alert their communities of key upcoming bills which threaten their freedoms and depreciate their private properties. They will be most likely to vet candidates for their state legislature, their city council and their county board according to how likely their communities will benefit or not. They will also be most likely to stand up with their voices on elements of their church’s religious culture that hinder their family’s relationship with God. Our founders not only suffered under a tyrannical king but from all his loyal governors and judges installed into the colonies to keep them from attaining wealth and political power. A fact of life under human governance is that the role of the governed is to actively keep local and federal government from becoming too overbearing, too expensive, and too discriminatory. For generations, our young people have remained unfamiliar with the real issues, only to resort to protests mostly on college campuses and capitol grounds. Across the country in the 2022 primary, according to CIRCLE (Center for Information and Research on Civic Learning and Engagement), youths between 18-25 yrs of age represented less than a quarter of the national vote.4 According to PEW Research, conservative youth comprise only 34% of their age group, and only 14% of them actually voted.5 The only youth participation in local government seems to be in the form of youth councils and the like, mostly comprised of liberal leaning youth. Youth at any age are generally motivated by their need for local governmental change. Our conservative youth are still too reliant on elected officials to do their bidding. They simply don’t realize the imperative for local governmental change and the magnitude of power they possess as citizens in their age group. The skill set they could acquire in the process would propel them through any career they chose. In all of our largest cities, the Republican party has been at least 5 times less financially supported than the Democratic Party. Apart from direct participation in local government, the most impactful way for these young citizens to effect real change is to become aware of the real issues and organize petitions that threaten elected officials against holding their offices. Ronald Reagan reminded us when he said, “Freedom is never more than one generation way from extinction. We didn’t pass it to our children in the bloodstream. It must be fought for, protected, and handed on for them to do the same.6“

What is most needed right now are young people that can effectively debate and communicate the myths and flaws in these claims, young people that can debate well informed and logical rebuttals to all these claims.

Today, all across the country, local officials are signing away excessive amounts of public funds that are totally irrelevant to the vast majority of taxpayers. The city councils and metro area county commissioners are taking federal funds and local property taxes and spending them on ever increasing bureaucracy and anti traditional family programs that depreciate the value of private property and raise property taxes.7 The Obama globalists have engineered the allocation of a massive amount of federal funds from the “American recovery and reinvestment Act” to Biden’s “American Rescue Plan” to liberalize our biggest metropolitan areas and urbanize their surrounding suburbs at the expense of depreciating private property. The entire country is also paying for huge metro infrastructure projects that exchange gas powered city buses with electric ones, for new roads and bridges, and for EV power stations. Everyone has, by now, noticed the speed of apartment dwelling construction, enticed by federal funds for the purpose of allocating mixed income multi-family housing in urban and suburban neighborhoods. The Low Income Housing Tax Credit provided to developers and investors has been turbocharged through both administrations to accelerate its use. As the federal funds are cut through DOGE, this will also bring a tremendous cost to the taxpayers in terms of local taxes and property depreciation. Young people need to challenge these elected officials by petitioning for providing necessary and effective services instead, such as policing, water sanitation, waste management, and public property management that maintains the value of private property. They need to petition for school choice vouchers and for results based compensation for public education. We should be done proving that automatically guaranteed increases in compensation will never produce increases in effectiveness of teaching. The almighty teaching certificate should become null and void as it does not represent the ability to teach even the basics of reading, writing, and arithmetic effectively at all. Too many of our 6th graders consider fractions confusing, the same cohort that then gets overwhelmed with 9th grade Algebra. By that time they have learned to blame themselves, lose their ambition and drop out of school. Any educational institution should not only be held accountable for academic performance, but for the instillation of strong character. Children should be effectively educated for a globally competitive workforce, not just among their public school peers. Everything else should be left to the local community to fund according to demand. Local government should not be a self rewarding institution that incentivizes stagnating public careers. Rather it should borrow the skills, talents, and knowledge of members of the community to serve the property owner’s interests. Limiting property taxes always results in increases in taxpayer’s discretionary income, and over time results in local economic growth in the form of business growth and increases in the local standard of living. Local governments need to be heavily petitioned for privatization of infrastructure projects wherever feasible. This could greatly lower property taxes, especially in the towns and cities in and around large metro areas.8 The entire state should never be forced to pay for services and programs that either promote beliefs and behaviors contrary to the majority of the taxpayer cohort, or that incentivize misallocated welfare. These are drains on overall economic growth and quality of life for the taxpayer. It will take a steep rise in awareness amongst our young adults before we see these things come to fruition. They will have to discover who the key decision makers are for every key issue and pursue them relentlessly. When a state legislature, a town council or county board of commissioners are handed well written petitions with sufficient numbers of verifiable signatures, one key vote after another, they will pay attention if they care to be re-elected.

In order to do these things, young adults will have to examine budgets, understanding what produces wealth and what consumes wealth, what promotes individual freedom and what things limit individual freedom unnecessarily. They will have had to come to an understanding of the constitutional role of local government and of what compassion is an is not, that it is the personal voluntary sacrifice of an individual, not the forced surrender of everyone else’s money for services and standards not of their choosing. Not too many people would pay to have their market property values drop while their tax values rise. It will require a significant improvement in their level of civil awareness.

It is only from this level of civility in society that we can expect to have our individual freedoms guaranteed. Community awareness is the only way elected officials can be influenced to change their decision making. Politics is what electoral candidates say. Reality is determined by the decisions they make. It is a preference to ignore politics, but it always costs to ignore reality.

  1. Palmer Raids ↩︎
  2. Palmer Raids ↩︎
  3. Civic Education Must be Made Priority for Young People, Panel Says ↩︎
  4. The Youth Vote in 2022 ↩︎
  5. Age, generation and party identification of registered voters | Pew Research Center ↩︎
  6. https://www.brainyquote.com/quotes/ronald_reagan_183965 ↩︎
  7. State, local government need spending cuts, not federal bailouts ↩︎
  8. Reduce reliance on local property taxes ↩︎

Another ‘Crisis’ In a Completely Different Industry

A bank on a wild financial cruise

As an American public we feel like we have the most secure banking system in the world. A bank may make mistakes on individual accounts, personal or business, we have been pretty confident that when we want to withdraw our cash, it will be available according to industry rules and regulations. There we were driving along in our usual financial cruise. Then it happened. A huge semi crashed into a telephone pole without seemingly making any attempt to swerve or brake! Then, a collection of other somewhat smaller semis crashed into it, also without seemingly hitting the brakes. Now, you would think these highly experienced drivers and their copilots would have taken notice and at least tried to avoid the accident altogether. Traffic comes to a halt and after a few people close enough to the situation call 911, they are told to hang on and help is on the way, and that everyone will be able to pass through in a short while. On the news the media tell us what they want us to hear and see while everything is under investigation.

There were many bright, sunny days at Silicon Valley Bank as the CEO 30 years, Greg Becker, accumulated a powerful social life involving venture capital firm owners and their start up teams. Along the way, SVB went on to accumulate large deposits and tried to balance off that liability with mostly held to maturity treasury bonds. By January 2019, The bank held assets of $70 billion and was warned by the fed that it was not a large enough bank to hold that level of assets. By the end of 2021, the Fed warned the bank that it was not prepared to insure $114 billion of assets in deposits and investment loans. In September, the federal reserve signaled that interest rates were about to rise to slow inflation created by the pandemic spending bills and the printing of dollars. As the federal funds rate increased, SVB went on to accumulate even more assets. The SEC handed SVB 6 citations involving liquidity stress testing, contingency funding,and liquidity risk management. By the end of 2022, SVB had gone on to accumulate assets totaling $209 billion! The wild part of this is that the bank was never able to insure against rising interest rates with more resilient investments, yet continued to accumulate larger and larger deposits as the bonds lost value. They were warned several times by the regulators and other credible parties. No one beside the bank officers, the regulators, and the auditors knew of the obvious growing instability of the bank.

The Explanation Of The Accident

We were told that the brakes on the trucks had worn over time, while at the same time, the cargo had grown. The Treasury bonds had lost their value over the period of rapid inflation over the last few years. There was no explanation of why the brakes were not serviced or replaced. There was no explanation of how experienced drivers could drive with ever increasing over limit loads with wearing brakes. After the crash, every responsible party took the public criticism silently. The Federal Reserve, the bank supervisors and executives, and the SEC all took public criticism without offering any kind of defense.

Well Experienced Drivers and Crew Accelerate Through Red Light

We didn’t know that SVB went through a number of yellow and red lights without slowing down-ON PURPOSE. In January of 2019 the FDIC warned SVB that their assets of $70 billion were too high for that size bank, Then again in December of 2020, they were given a stronger warning for assets of $114 billion. In September of 2021, the Fed signaled that interest rates were soon to rise. Having the lion share of bank equity wrapped up in treasury bonds which were purchased when interest rates were zero, which depreciate as interest rates rise, would be a sufficient warning to any bank risk management officer. Those were the yellow lights.

The FDIC then, in November 2021, the FDIC issued 6 citations related to liquidity stress testing, contingency funding, liquidity risk management. Any bank the size of SVB is required to conduct quarterly liquidity tests. The brake test failed. By this time everyone knew that the bank was not supporting their assets. After all this, the bank was not fined, the officers were not penalized in any form, and they continued to turn a blind eye toward their balance sheet. Instead, they continued to accept more and more assets. They coasted through this red light as the police stood down. Around March 1st 2023, Greg Becker received a phone call from Moody’s warning him that the T bonds were approaching the level of junk bonds.

The chief risk officer, the one most responsible for the status of the brake system, Laura Izruieta, stepped down in April 2022, and then left the bank in October with $7.1 million. She was well experienced in corporate risk management, having worked at Freddie Mac as a program director for mortgage purchasing in the early 90s, working her way up to senior vice president of Capital One, leading a risk management team that built and maintained corporate risk governance structure, risk management tools and methodologies from 2006 to 2012, then executive vice president for the next 3 years, joining Silicon Valley Bank in 2016 as Chief Risk Officer. SVB had no chief risk officer until January of 2023, when they hired Kim Olson, who has 30 yrs experience in risk management, worked at Federal Reserve Bank of New York, received her bachelor’s at Santa Clara University, and her masters at Harvard. The risk committee, made up of mostly venture capital CEOs, had no one to report to in the interim. Some on the risk committee were also on the board of SVB at the same time. The committee was very heavy on the venture capital side and light on the risk side. One member was also the chairwoman of the board, while another was CEO of Benhamou Global Ventures, while another was a former president of a venture capital firm, another was co founder of a venture capital firm, yet another was a former US treasury under secretary. All 5 board members were on the ‘risk’ committee! Meanwhile, Greg Becker continued to step on the gas, increasing the bank’s assets toward $200 billion while taking loans of up to $15 billion from the Federal Home Loan Bank of San Fransisco by the end of December 2022.

The Police knew of the impending crash and not only watched, but supervised it!

The Federal Reserve and the SEC knew the bank was loading up with venture capital assets and that it was going to crash. The Federal Reserve Bank of San Fransisco sent 20 bank examiners in the second half of 2021 to SVB. Meanwhile, Greg Becker, the CEO of SVB was a director of the SF Federal Reserve! They would have nothing to say publicly until the bank announced its failure on March 10th. Back in November of 2022, there was a secret meeting of the FDIC dedicated to finding ways to hide the impending crash from the public to prevent a run on the banks in general. Moody’s even gave the CEO a phone call on March 1st to warn him that the treasury notes are approaching the level of junk bonds. They were headed for a $20 billion loss. The bank auditor, KPMG, a global woke corporation that also audited First Republic Bank and Signature Bank which were also seized by the FDIC, made no comment or report of the obvious detrimental condition of the bank when it gave SVB a clean bill of health on February 24th, and also gave Signature Bank a clean bill of health 11 days before it was seized by the Feds.

Trucks crash, cargo salvaged, traffic passes through

On March 7th, Greg Becker, CEO of Silicon Valley Bank met with investors and wall street analysts at the Palace hotel in San Fransisco and presented a rosy, strong financial impression of the tech industry and his bank. Just one day later, the CEO of Silicon Valley Bank, Greg Becker announced that his bank has a $1.8 billion loss with a plan to raise $2.25 billion in fresh capital Upon an urging by Goldman Sachs to by shares of SVB and a warning from co founder of SVB Peter Thiel, on Thursday, March 9th, SVB depositors withdrew $42 billion in a single day. On Friday, March 10th, the California Department of Financial Protection and Innovation handed over Silicon Valley Bank to the FDIC. Like clockwork, Biden and the Federal Reserve assured the depositors on the day it was closed that their money was secure and would be available that following Monday, when the FDIC created the SVB Bridge Bank for that purpose. They then created the National Bank of Santa Clara to receive SVB’s insured assets of $30 billion. The plan all along was to transfer the uninsured assets to First Citizen’s of Raleigh, NC amounting to $60 billion with a deal for the FDIC to absorb 50% of the losses over $5 billion. In essence the crashed truck’s cargo gets placed on a federally appointed truck in order to roll it on through. The other two trucks, Signature Bank of San Fransisco, and First Republic Bank of New York, a heavy crypto lender, got the same treatment. A third truck, the UK SVB was closed on March 12th and bought whole by HSBC the next day. That bank’s financial risk manager was Jay Ersapah, well known champion of the LBGTQ+ community in Europe and the US, born and schooled in England, and who worked at Deloitte and Barclays. All other US banks were immediately allowed to go to the Federal Home Loan Bank to prop up their assets also, allowing the rest of the traffic to pass through unimpeded, for the moment. By the end of the following week the Federal Home Loan Bank absorbed $304 billion from banks across the country.

Silvergate Bank of La Jolla, California, a crypto heavy weight, also crashed in March after a $1 billion loss in the 4th quarter of 2022. Different from SVB and First Republic, Silvergate was able to return all deposits and enter into complete liquidation without an internal bail out from the FDIC. It received staunch criticism from democrat senators on the house finance and banking committee, who called for tighter regulation of the crypto market.

CEO Greg Becker, was reported to be ousted from the bank for ‘mismanagement’ and allowed to travel back to his luxurious town home in Maui with $3.6 million worth of SVB shares he cashed out just previous to the crash. He is reported to have flown first class, then driven by limo to his residence.

The Fed appointed a new CEO, Tim Mayapoulos, to their bridge bank and retained all other employees, giving them a retention perk of 45 days of time and a half pay. Tim Mayapoulos, a financial tech investor, worked at major banks previously such as Deutsche Bank and Credit Suisse First Boston and Donaldson, Bank of America, including CEO and president of Fannie Mae, 2012-2018, led Blend Labs to leading market position in mortgage and consumer banking technology

The 5 remaining board members are now charged with brainstorming what to do with the remaining $3 billion in assets.

Planned Crisis?

The Federal Reserve knew well in advance of this impending crisis as detailed in their nonpublic November 2022 meeting of the Systemic Resolution Advisory Committee(SRAC). Well experienced bank officers allowed the bank to accumulate an outrageous amount of uninsured deposits and securities. The bank examiners went through the motions, doing obviously insufficient stress testing and ignoring the impossible liquidity tests. SVB’s balance sheet di not alert the auditor, KPMG. Nor did the First Republic Bank’s balance sheet bother that same auditor. Why would all these experienced officers and regulators risk their careers to allow all those tech startups to cruise on through? Why did so many choose to use this same bank? How on earth could all these professionals assume that the Feds fund rate would remain at or near zero? Where did all that seed money come from all of a sudden?

Some of the winners are all well known: the venture capital companies and their startups. To be able to explain this level of despotism you would have to examine what these winners are trying to start up. It can be fairly safe to say that they are starting up woke corporate cultures the likes that has not yet been seen! How many of these startups are green New Deal startups, involving the design of electric substitutes of everything gas powered? Electric Construction and landscape handhelds, electric rail, electric delivery systems, and EV charging systems are only a part of the scope of these startups. How many have ties to China? The Biden administration would not be happier if the tech startup sector became totally reliant and controlled by the feds.

Major sources of cryptocurrency went insolvent, including First Republic in New York and Silvergate Bank of La Jolla, California. At the time of this writing, the federal reserve just launched a pilot digital currency program in banks.

Who pays for the damage?

Biden and the Fed emphasized that this did not constitute a taxpayer bailout. Who will bail out the FHLB as it has amassed a total of $304 billion in new loans made in just one week in high risk securities? It was intentionally abused as it was supposed to be a safety net for low income, high risk home loans, not venture capital securities. It now has a debt load of $1.1 trillion. It is a system of 11 banks across the country designed to assist other banks and institutions to lend to individual private low income, high risk home owners. This is the bank of last resort that the other banks rely on in the worst of circumstances. The banks are now in the position of having to pay down the FDIC’s huge debt so it can insure those same banks to a higher degree. The taxpayers will most likely get stuck with the Federal Home Loan bail out so it can continue to finance low income housing that is being constructed like gangbusters across the country. This inevitable bail out will really threaten the entire economy of the US and force taxpayers to shrink their disposable income even further, while at the same time not being able to borrow. Those would be future homeowners will become renters for a much longer time in their lives. This is how the taxpayers will be forced to pay for the Green New Deal.

Confidence in the Highway System and the Police

A number of polls taken within the last week show a sharp decline in the general public’s confidence in our banking system. This directly affects the confidence in the US dollar abroad. It is not surprising to hear Macron admit publicly that he wants to oust the dollar as a valuation for Frances national currency. Others will follow unless confidence is restored within our borders.

At the time of this writing, several reliable sources have predicted quite confidently that we are headed for an imminent global recession. As our banking system becomes more and more reliant on the federal reserve to prop up their balance sheet, they will increase their fees and make it much harder to borrow, the confidence in the US dollar will erode around the world as the dollar is sold off and rejected by other countries in favor of their own currencies , threatening its reserve currency status. Once it is rejected as the worlds reserve currency, its value will plummet, causing a world wide depression the world has never experienced!

‘Global Economic Downturn’

By this writing, it has already been predicted that we are heading toward a global recession as a result of the US banking crisis. Walmart closing 2,000 stores in the US, Goldman Sachs having laid off thousands, 8% of their staff by January of this year, Meta ( Facebook’s parent company) 87,000 just last year, Amazon plans 10,000 to be laid off, Stellantis in Illinois which makes Jeep, Chrysler, and Dodge, laying off 1,350 due to “the electrification of the automobile market”, and most of the big banks cutting 1 to 5% of their staff. The most common reason the largest tech companies and others have initiated massive layoffs and have downsized their corporate staff and closed stores is what they refer to publicly as a ‘global economic downturn’. Well, everything seemed to be going reasonably well until these large banks supporting the tech industry began to be noticed to be failing. Then, in mid 2022, they started to announce layoffs planned for end of 2022 to 2023. This kind of across the board economic retreat just coincides with the growing instability of the US banking system as it pertained to unsupported venture capital investment. Any economics major could predict such a macro economic response to huge unsupported investment and almost absent risk management. This is not a spontaneous crisis. It is a well calculated redistribution of wealth scheme using the US banking system as a funnel to fund the Green New Deal. A spontaneous global depression would occur as a consequence of a depreciation of land, commodities, the dollar, natural disasters, and epidemics, etc.. Rather,as a consequence of this convenient crisis, the dollar will be depreciated significantly, even further than what has already been caused by inflation. Why, just in recent weeks have democrat governors and their supporters been announcing eliminating non-electric vehicles in the next 5-10 years? It makes no economic sense as we enter a period of economic decline, unless the real plan is to control and restrict the free market by eliminating choice for both consumers and producers. The real drivers of this change are committed to establishing a world interdependent economy that will squelch the human motivation to produce more wealth than it consumes. It is well known that the free market exists only at the mercy of government. The collapse of the US free market is welcomed collateral damage to the socialist elites so that they can justify more and more control of the means of production, even if it means the impoverishment of the United States!

The Only Solution For the United States

There Is No Political, Economic, or Social solution

As for every true crisis for the United States, the only solution to this mess are individuals who have the awareness and the courage to stand up against the true cause, the actual forces of this self imposed national cultural and spiritual deterioration. Without the awareness and resolve of our younger generations, the US will never recover from this epic defeat. The failsasfe solution will take two dedicated parents who strive to model and teach a complete awareness of both the secular and spiritual world to their children out of a profound love for them and their children. As a culture, the United States does not have the impetus to arrive at this spontaneously. Therefore, we need a few good men. Nine Eleven rallied our best young men to fight in Iraq out of their love for their country. As a result, the fact is that we grossly subdued the threat of major terrorist attacks around the world. What if they were fooled by a media that convinced them that the aggressors were not terrorists but rather unknown US citizens? This is the dilemma we now have. The results of our spiritual and secular deterioration will destroy our country and our society for everyone, even the world, as the fact is, that the rest of the world depends on a stable, vibrant US economy and strong military, two things that we’ve never been able to accomplish without God’s help. So how will we do this?

I am confident that the strongest individual men around us are about to stand up and take it to their families, to their communities, to wherever they can establish an opportunity, and speak out clearly, logically, and respectfully about the true state of our country and our society, and motivate others to make hard choices. It will involve homeschooling associations that help two working parents to have their children home schooled regardless because our public educational system has been commandeered by radical godless activists. It will involve men spiritually inculcating their family’s spiritual values and practical lifestyle. It will involve men helping men and men seeking help in order to accomplish that extremely important role. God is in control of our spiritual, economic, social, and yes, our political realities. Our children need to be aware of those aspects of reality which God has given us that man cannot change. Our children need the support to stand up and claim those realities, to wisely debate them publicly, and to defend them whenever and wherever confronted. They need to learn from the bible at home under the direction of loving fathers who are willing to answer the most difficult and important questions, be properly armed with those truths, with credible resources, and with the support of other strong men. Just as we tend to think that our 13 and 14 year olds aren’t interested in the bible, and in economics and politics, their minds are beginning to seek credible answers to all those questions. The problem with our culture is that as parents, we have lost our credibility to all sorts of third parties, including school teachers, preachers, and youth pastors, doctors, and all the high powered media getting to their minds ahead of us. Many of us have to do some serious back pedaling, and we need the mothers of the United States to learn to be absolutely become supportive of the fathers that make their whole-hearted effort. In this sense, the United States needs a spiritual re-definition of the family.

Only in the United States will this actually happen. And when it does, you will see the vengeance of the beast come after us and be totally ineffective to the absolute bewilderment of those still dependent on it. It is only in the United States that individual strong men impact its people to act. Contrary to the belief of our opposing forces, the godless elites, the United States is not a Venezuela, is not a Mexico, and is not the failed state of the European Union. The globalist elites will no longer be able to steal our children’s souls and minds and hearts en masse as they had been. They will be suffocated and be made foolish and irrelevant in a truly spiritually strengthened and civilized, revitalized and spiritually driven family culture. It is not because we have better people than the rest of the world. Countless legal immigrants have made invaluable contributions to their adopted country. It is not even because we have a constitution. It is solely because we still have individuals that understand the real purpose of our constitution, and the knowledge and truths from our founding fathers as a result of their common experience, that are imparted through it. We also have the reality of history that has proven its value to the world! Only in the United States will the balance of power always rest amongst the people governed and not the government. Only in the United States will the children be loved anew! Only in the United States!

References

  1. Federal Reserve sounded alarm about Silicon Valley Bank’s risk management in 2019: report | Fox Business
  2. Peter Thiel’s Founders Fund Tells Companies to Pull Money From SVB – Bloomberg
  3. SVB’s collapse exposes the Fed’s massive failure to see the bank’s warning signs
  4. SVB warned by Fed since 2019 | The Standard
  5. Federal Reserve Signals a Shift Away From Pandemic Support – The New York Times
  6. Silicon Valley Bank and Fed supervisors: what’s known so far | Reuters
  7. So Where Were SVB’s Regulators? – The Atlantic
  8. Must Watch: FDIC Bankers Discuss ‘Bail-Ins’ To Deal With Impending Market Collapse – [your]NEWS
  9. KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse – WSJ
  10. Why Was KPMG Still Auditing Silicon Valley Bank? – Bloomberg
  11. About
  12. The Collapse of Silicon Valley Bank – AAF
  13. Inside the Collapse of Silicon Valley Bank – The New York Times
  14. We Know Who’s to Blame for the Silicon Valley Bank Failure – The Atlantic
  15. SVB had no official chief risk officer for 8 months | Fortune
  16. SVB Financial Files for Chapter 11 Bankruptcy Protection – WSJ
  17. Silicon Valley Bank CEO cashed out stock while employees got pre-collapse bonuses | Washington Examiner
  18. Ex-Silicon Valley Bank CEO Greg Becker jets to Hawaii after collapse
  19. CEO of crisis-hit SVB flies first class to Hawaii, where he owns luxury home: Report
  20. SVB Tapped Home Loan Bank for $15 Billion in Funding at End of 2022
  21. Why Credit Suisse and First Republic Crashed, but This Other Regional Bank Soared This Week | The Motley Fool
  22. Crypto-friendly lender Silvergate collapses | CNN BusinessSilvergate has collapsed – The Verge
  23. Silicon Valley Bank Was a Wall Street IPO Pipeline in Drag as a Federally-Insured Bank; FHLB of San Francisco Was Quietly Bailing It Outs
  24. The collapse of Silicon Valley Bank, explained visually
  25. Silicon Valley Bank ‘conducting business as usual’, new CEO says | Reuters
  26. First Citizens to Buy SVB After Biggest Failure Since 2008
  27. Silicon Valley Bank: Here’s a timeline of the bank’s failure | TechCrunch
  28. How a poker game launched Silicon Valley Bank’s four-decade ride on the tech wave — and a bad gamble 42 years later ended it all
  29. Where will SVB’s assets end up?
  30. BlackRock to sell $114 billion of failed banks’ securities
  31. Why the FDIC offered to take billions in losses to find SVB assets a new home
  32. Federal Home Loan Bank (FHLB) System: Definition and History
  33. FHLB Issues $304 Billion in a Week as Banks Boost Liquidity – Bloomberg
  34. Former SVB risk officer inexplicably left company last year with over $7.1million | Daily Mail Online
  35. Silicon Valley Bank CEO cashed out stock while employees got pre-collapse bonuses | Washington Examiner
  36. Executive Team and Board of Directors | SVB | Silicon Valley Bank
  37. Eric Benhamou – BGV
  38. Laura Izurieta – Towson University – Arlington, Virginia, United States | LinkedIn
  39. Who Is Jay Ersapah? Silicon Valley Bank’s LGBTQ+ Activist Gets Targeted For Lender’s Failure
  40. Meet Tim Mayopoulos, the CEO of What Remains of Silicon Valley Bank – The New York Times
  41. Who Is Tim Mayopoulos, the New CEO of Silicon Valley Bank? | Time
  42. Tim Mayopoulos – Chief Executive Officer | Silicon Valley Bank
  43. SVB Hires Kim Olson as Chief Risk Officer | Silicon Valley Bank
  44. After big bank failure, renewed questions about Home Loan Bank System | American Banker
  45. Why Silicon Valley Bank collapsed and what it could mean | CNN Business
  46. The Fed Got Us Into the SVB Mess – WSJ
  47. Can the Auditor Be Held Responsible for SVB? – WSJ
  48. SVB Financial names five directors to restructuring committee | PitchBook
  49. How SVB’s collapse could affect interest rates | Fox Business
  50. Americans’ faith in banks drops after failures: poll | Fox Business
  51. Layoffs Sweeping the US: Amazon, CNN, Goldman Sachs Making Cuts
  52. These Companies Have Announced the Biggest Layoffs in 2023 | Time
  53. McDonald’s Closes American Offices Amid Expected Layoffs | Time

The Right Crisis At The Right Time in The Right Place

The Palestine train derailment: The Opportune Accident

The Palestine train derailment was just the opportune crisis that caught the attention of as many people as possible to the presumed detrimental consequences of private railroad ownership. Many people are accepting the media narrative that it is an accident. Indeed, the media has the role of regarding it as an accident until proven otherwise. Therein lies the problem of mainstream media. Almost anyone following the facts in the context of the politics of the day would have to beg the question of how this event hurts or helps a particular political party. On the surface, most would say that a presumed railroad industry failure would hurt Buttigieg further after the airline failure of December. This was precisely the narrative of the mainstream media as the White House tried to deflect the responsibility of the secretary of transportation in such a crisis of this magnitude. Did Buttigieg avoid the site of the crash out of fear of being exposed? Did he do so out of being insensitive and naive to his responsibilities? After all, the mainstream media has trained the majority of the population to regard elected officials as outrageously stupid, naive, and distant from real life problems. The sources of the narrative they pump out has become everyone’s new intelligence. These narratives are designed to prompt the public to disregard the more threatening inquiry that could lead to doubt about what they claim. Why would a publicly embattled transportation secretary hesitate a public appearance at the moment of crisis? If Donald Trump had not shown up with the much needed water, guaranteed Buttigieg would have shown up much later. Why the wait? If we return a little bit of credit to the intelligence of the secretary, and regard the overall political context of the situation, one in which the administration is fully committed to progress toward transforming the transportation sector into an electric one, cars, buses, and now trains, we might be able to calculate the optical benefit of the secretary showing up to blame the lack of regulation of the industry as the NTSB (National Transportation Safety Board) points to the Trump rollbacks of regulations three years ago. But even after 10 days of investigation, the chairman of the NTSB was forced to publicly substantiate that the accident was not caused by such rollbacks. Prior to any conclusions from the NTSB, the Biden administration along with the lion chief of the socialist democratic senators, Chuck Schumer, took full and immediate advantage of the accident to blame the Trump regulatory rollbacks, this before any actions meant to help the community cope with their immediate needs of healthcare assurances, financial assurances and bottled water distribution. If you are acutely sickened by a chemical spill, and then 2 days later by an intentionally controlled chemical explosion, logically, the first thing you want addressed is the anxiety and confusion caused by the lack of information. Even after the residents were evacuated and 2 days later returned to their homes, they weren’t updated as to the possible hazards that still needed to be investigated regarding soil and water. In stead they were given conflicting recommendations as to whether the water was safe to drink. The second thing you might want addressed is the actual response to the damage. The third thing you would want addressed is the assurance of avoiding long term adverse health effects and financial consequences. What did they get? They got assurances about the air safety which was well known by the industry leaders to be safe a week later without the need to monitor. No focus was directed at indoor furniture or the the soil in the surrounding neighborhood. The mayor had to claim that it was really a long term process of monitoring the soil and water.

Norfolk Southern: A Formidable Example To The Rest Of The Industry

As hearings lead to fines and lawsuits, and eventually extremely costly regulations, the rest of the industry will pass on the costs to the consumer and cause yet another wave of inflation, all this as if the whole industry was as accident prone as Norfolk Southern. Indeed only 1% of train derailments are known to be caused by wheels overheating. Imagine how much it would cost the railroad companies to have to update all their trains no matter how old just for this regulation much less the rest of the package of regulations they will be handed by this Railway Safety Act. In many cases it already costs more to ride the train than to fly. The Democrats will use this one derailment to begin to increase the cost of running a railroad to the point of requiring significant taxpayer support. At that point, this administration will lay the groundwork for electric rails all designed to control fares for different people and track passengers individually. Some will travel free while others will pay exorbitant fares all at the discretion of unelected federal officials. That cost will remain astronomical and increase everyone’s taxes a lot regardless of whether you ever step foot onto a train. This will be another significant cause of the further impoverishment of the people. They will have swayed public opinion, especially across the northeast and mid northwest, to support replacing diesel powered trains with electric powered ones. The Democrat Green New Deal utopian motive behind the desperate attempt to run the private railroads out of business is to economically force a significant sector of our population to travel on electric trains as opposed to carbon powered planes.

But wait! One derailment was not enough. There had to be 2 more derailments involving Norfolk Southern, one exactly a month later on March 5th just 200 miles form the first one in the same state of Ohio! The other, in Alabama on March 9th just hours before the CEO was to testify before Congress. What are the chances of the same railroad company experiencing this many train derailments all within about a month? According to the Bureau Of Train Statistics, there were 1,087 derailments in 2021, including the low speed fender benders that occur mostly in the train yards, roughly about 3 per day. About 10 to 20 per year involve hazardous material releases. Now, out of 700 railroads in the US, what are the chances that one company would have a major hazmat derailment followed by 2 other significant derailments in one month? A simple probability arrived at by 7th grade math would inform us that 1/700 railroads x x 1.67 hazmat derailments per/91 derailments per month = 0.0000262 or 1 out of 262 thousand. The chances of having another non-hazmat derailment within that month is 0.0000262 x 91 derailments/700 railroads = 0.00000341 or 1 out of 3.41 million. Now multiply times the probability that they occur in the same state. Undoubtedly you get the idea. It becomes logical to wonder whether these “accidents” were accidental at all. Many people are still not aware of how much money and resources the global elites are able to pour into a climate change opportunity. We may never know. The coincidental sequence of events and the democrat’s actions and inactions tell the story. A major railroad operating through one of the most definitive Trump supporting red states derails causing a major hazardous chemical release making national and international headlines just prior to CPAC in Washington DC is the quintessential gift to the democratic party that is desperate to substitute diesel railroads with electric ones. They are also out to increase the price of plastic, vinyl chloride being a basic chemical used its manufacture. Norfolk Southern would be the choicest railroad to make an example of to the rest of the industry. Coincidentally, it was audited by the SEC just months ago which determined that they were at risk for a major derailment soon! It may have been obvious to realize that the combination of the recent contract with the railroad workers union for more paid leave, newly imposed expensive regulations, and rising insurance costs due to these costly derailments, not to mention the civil lawsuits, would drive this company bankrupt, unless it caved to allowing the feds to usher in the transition to electric rail.

The United States has the largest freight rail system in the world, impacting two thirds of the national economy. Forcing railroad companies to install expensive equipment on their trains and rails all at the same time will definitely make a similar impact on our economy as does raising the price of gas. Forcing our rail industry to go electric will contribute just as much to rising inflation, and not make a dent in actual railway safety. It will only serve to transfer control over management and service to the federal government which is desperate for this kind of power and control.

The Unrecognized Political Motive

Ohio and towns like East Palestine has been a manufacturing blue collar champion with an overwhelming republican constituency, a state which has been known to set the political tone for presidential elections for decades. To establish a private company as prioritizing profits and lobbying over people and safety, at the same time making the impression that government regulation is the real answer for their protection, brings the prospect of flipping that constituency blue. If conservatives in East Palestine and towns like it are convinced that more regulation is the answer, it will truly catch wind across the country. On the other hand, I tend to regard the blue collar workers in the US as quite politically astute and intelligent enough to understand the selfish political motives of the current administration. Just as they wouldn’t want their own employers overburdened with regulatory costs that don’t improve the value of the company nor the value of its product or service, they will not appreciate this administration using their crisis to choke off the entire rail industry. Rather than to apply their increased profits, largely from a growing online purchasing public, toward real safety and efficiency, like adding newer freight cars to their fleet, they will have to retrofit old cars with new brakes. Rather than to invest in making tracks safer, they will have to install more sensors on existing tracks, which have nothing to do with the vast majority of derailments. I give the people of Ohio plenty of credit to understand how their political response will affect the rest of the country and care more about how to help a backbone industry to progress safely and economically so as to keep our standard of living from taking a nose dive.

References

  1. Norfolk Southern Railway Train Derailment with Subsequent Hazardous Material Release and Fires https://www.ntsb.gov/investigations/Pages/RRD23MR005.aspx
  2. S.576 – Railway Safety Act of 2023 https://www.congress.gov/bill/118th-congress/senate-bill/576/text?s=1&r=5
  3. Norfolk Southern determines ‘urgent railcar safety issue’ after loose wheels found on rail cars in second Ohio derailment https://www.cnn.com/2023/03/10/us/springfield-derailment-norfolk-southern-safety-issue/index.html
  4. Freight Rail in Your State https://www.aar.org/data-center/railroads-states/
  5. Norfolk Southern train derails in Alabama hours before CEO testifies before Congress https://www.nbcnews.com/news/us-news/norfolk-southern-train-derails-alabama-hours-ceo-testifies-congress-rcna74183
  6. Freight Rail’s Economic Impact https://www.aar.org/wp-content/uploads/2020/08/AAR-Economic-Impact-Fact-Sheet.pdf
  7. How many train derailments have there been in the US in 2023? https://www.independent.co.uk/news/world/americas/train-derailments-per-year-usa-b2294966.html
  8. Freight Rail Facts & Figures https://www.aar.org/facts-figures
  9. We’ve seen reports of three train derailments this month. Is this normal? https://www.poynter.org/fact-checking/2023/why-train-derailments-this-month/
  10. Last audit of Norfolk Southern noted issues that ‘may raise’ risk of train derailment https://www.wkbn.com/news/local-news/east-palestine-train-derailment/last-audit-of-norfolk-southern-noted-issues-that-may-raise-risk-of-train-derailment/#:~:text=EAST%20PALESTINE%2C%20Ohio%20%28WKBN%29%20%E2%80%93%20The%20Federal%20Railroad,2022%2C%20was%20conducted%20from%20January%20to%20May%202022.

Swaying Public Opinion: The Venom Of The Beast

FUTURE UN COMPLEX

The victim rarely catches on to the sophistication and veracity of the perpetrator until the damage has been done, and even then, many times, not enough to prevent recurrences of the offense. A sophisticated perpetrator will go unnoticed once or twice, as that of a serial killer, a rapist, or identity thief. He or she will eventually be caught because mistakes will be made. The most dangerous perpetrator is one who is able to deceive a wide variety of victims repeatedly and go unchecked and unnoticed. This is what we have been dealing with for the last 2 decades. The perpetrator has evolved to a level of sophistication unimaginable by its victims. The only form of detection it leaves is the improbability of the result.

What is the probability that everyone’s wallet will be stolen at the same time, half the victims not considering it a crime, and no government agency to prevent it or to prosecute it. The only perpetrator that could get away with this is the government agency whose purpose is to prevent it and to prosecute it when it occurs. In this case the perpetrator was hired by an even more sophisticated mastermind. This mastermind considers himself to be the most ingenious in the world, worthy of having the other world geniuses collaborate for him. Credit must be given where credit is due because if he knows how to get a perfectly free and innocent people to consent to being enslaved and controlled forever, then he must feel all the more empowered.

Today, this perpetrator is winning lock, stock, and barrel. His theft, murder, and rape are going unchecked and, for the most part unnoticed! He has learned the song and dance that allows him to get his fingers into every part of everyone’s daily lives and deliberately bear the ugliest of consequences. Not only does everyone know about the dead bodies, the financial devastation, the psychological rape of our children, but apparently half our country believes it is a necessary cost to “saving the planet”. After having swayed public opinion in the United Sates, destroying human society is now viewed as a necessary cost to “saving the planet”.

For those who have been swayed I only have one message: You don’t have to destroy human society here and around the world to save the planet. The planet can not only be saved but progressed without destroying human society. You don’t have to commandeer and control people’s lives. You don’t have to re-distribute wealth or steal everyone’s discretionary income from their paychecks. You don’t have to limit their use of natural resources.

Imagine that you inherited the keys to the ultimate automobile. It not only could be driven anywhere you want to go, but it would give you the opportunity to build your future wherever you went. You could choose to adapt an existing location to suit your needs and desires. You could create your own location and start from scratch, or you could collaborate with someone of your choosing to build together. The value of what you build would be determined by how valuable it is to others. Your hard mental and physical work, your appreciation of others, and your dedication to serving your family, friends, neighbors, employees, coworkers, and customers would become the foundation of your pursuit of happiness, of your financial security, and of your hope for the future. Now imagine that someone desperate to control and limit your experience deceived your children into giving up the keys. From that point forward, you would be told where and when you could go, what to build, and how it would be limited and specified according to that person’s goals and objectives for the world. He had fear-mongered your children into believing that your freedom to choose and build would cause the end of the world, that it causes poverty and wars. How had he been able to deceive your children so easy? Well, he commandeered your children’s trust and attention away from the truth of the reality of human nature, of the history of human progress, and of the reality of economics. He suppressed their natural motivation to learn and work hard, making them believe that the world was unfair to them and owed them a living, that they shouldn’t have to take on the burden deciding where and when to go, what to build or who to build it with.

The Last Thing The World Needs: A German Despot Trying To Take Advantage of an Intentionally Failing Economy

Never again is a slogan that is associated with the Holocaust, originated in a poem written by Yitzhak Lamdan in 1927, is inscribed at memorials in each of the Holocaust concentration camps. It was specifically meant to stand for the genocidal atrocities committed at these camps by German despots. Most of the men that gave their lives to squash these despots were god fearing young men, loyal to God first, and country second. Little do men in the United States realize, but we have an equally dangerous German despot trying to capture the United States for the same end in a different and much more threatening manner! He promises to fix income inequality around the world as if this was the cause of a country’s economic problems. Europe has been on an economic downward spiral. Germany is now unable to make any further loans to those countries that will be failing to provide gas and home heating oil. He explains his objective as engineering a prescribed lifestyle on the world according to his world view. This means that people will surrender their individual rights and freedoms at the threat of death. They will surrender their loyalty to him and his purpose for their existence. What’s new? Apparently this man has no understanding of the Holocaust? He has no misgivings about his mission to subdue the entire world to his preferred values. He claims that his goals and values are superior to anyone else’s. How could the rest of the world become so deceived? This world has been intentionally primed for quite a few years just for this occasion. The country that once fought and sacrificed so many lives for everyone else’s freedom has become the most formidable country to help this despot achieve his wildest dreams. What kind of indoctrination could make a person believe the unsubstantiated claims that human produced carbon has anything to do with climate? What kind of indoctrination could make the people believe that the entire economy of the United States must be sacrificed in order to prevent wars and poverty? What magnitude of disorientation to human history does it take to believe that a small number of power elites controlling the world economy could solve the worlds problems. How devoid of the need for logic do you have to be to think that imperfect human beings could re-invent a perfect world? Perfection in whose eyes? Who decides what is good, what is right? Does exactly half of the country perceive the world emotionally as opposed to rationally? Are our young people destined to make life decisions based on their emotions, as opposed to the honest quest for truth? Do they no longer understand that when you make decisions based on emotions, reality comes back to bite you harder than you could have imagined. Has half the country become indoctrinated to be emotionally tied to restricting individual rights and freedom for the sake of “the common good” that is dictated by an insane despot? “Dr. Who”, an iconic British superhero of the 60s was based on the premise that only this special and unique character along with his collaborators could save planet Earth from imminent demise. Klaus Schwab, chairman of the World Economic Forum, is that character that has proven to have taken on this identity. He has spoken all over the world on behalf of his prescription for the Great Reset and the New World Order based on the obligatory economic and military inter-dependency of otherwise sovereign nations. Klaus was educated in very liberal, socialist institutions, including Harvard. His goal is to make each of the industrialized countries interdependent on one another so as to restrict economic competition and make the free market less determinant on the world economy. He also is behind the public private partnerships of government with large corporations, leading to government subsidized industry, this with the obligation of the corporation, including its employees, to reflect the values of the surrounding community which is taken to mean the woke values of inclusion, equity, and environmental conservation. This he brands as “stakeholder capitalism”, which is not capitalism at all. Removing a private entity from the free market and dictating its values, thereby restricting its investment options, is socialism. Klaus has taken on a campaign to convince governments to use the private sector to promote socialism. As governments increasingly dictate and micromanage otherwise free enterprise as to how employees work, what moral values they represent, and how they relate to one another, individual motivation to perform and produce will always drop to the minimal standard, that necessary to keep a job, not grow a career. This will stifle the entire world economy much more severely than a pandemic or a natural disaster. Wealth will be consumed much faster than it is produced, even in the United States. Only when the price of a loaf of bread jumps to triple its cost in one day will our socialist friends in the United States sober up, and not until then. Only in a truly free society, where the individual is guaranteed his God given integrity in the form of individual rights to freedom and the pursuit of happiness could true wealth be produced as it once was, a tremendous economic contribution to the rest of the world! Yes, it was a tremendous benefit to the rest of the world, a history that has been completely wiped from the woke social studies curriculum of our high schools and from the liberalized college American Studies courses.

One of Schwab’s biggest collaborators, George Soros has spent more money than anyone on the planet specifically to sway public opinion toward the adoption of Marxism. As a US citizen, he has the economic freedom to take ours away. He is the quintessential enemy of the US Constitution! Schwab has donated tons of money to local and state elections, not to incentivize them to be fair and responsible, but to do whatever it takes to make sure the democrat party wins, as long as they remain the champions of socialism and the re-distribution of wealth in the United states.

Biden claiming the US economy is going in the “right direction” is only true if one wants to end up with a re-distribution of wealth that will be on its way to impoverishing the country, lowering everyone’s standard of living, the private sector micromanaged and controlled by the extremely politicized federal agencies, including the IRS. Yes, the November jobs report cited a higher than expected number of “jobs” added to the economy. No, this is not necessarily good because it conveniently fails to indicate what percentage of those jobs were funded by the taxpayer! This drains money from that previously used to produce wealth by shrinking the discretionary household income in the form of increased income taxes on the middle class. This kills small business who depend on that portion of the household income. It prompts the fed to keep interest rates high, further shrinking the average household discretionary income. Car and variable rate home loan premiums will go up significantly. Household debt is about to get punished. It stifles small business by making it harder and harder to borrow for start up and expansion. On the other hand, it rewards banks and large corporations by allowing them a greater return on their investments. The service industry will continue to suffer not being able to hire front line workers due to the inability to offer pay competitive against unemployment. Those unfilled job openings are only able to be filled by those more desperate for the employment, the illegal migrants. As I have claimed before, this is an illegal economic scheme that the Biden administration is knowingly in collaboration with the global elites to re-distribute wealth from the American middle class to the migrants as their stated strategy to eliminate world poverty.

Desperate Scheme To Control Crypto

The FTX debacle was well timed to occur right after the midterms, hugely coincidental for the need to have a glaringly public example of the “dangers of an unregulated cryptocurrency”. It occurred weeks after the fed made public its plans to regulate cryptocurrencies and issue one of its own. This, as a special request from the Biden administration! Nevertheless, they were desperate to use the profits of a young, inexperienced cryptocurrency owner, Sam Bankman-Fried, to help stay in power through the midterms, knowing full well that their own new policies toward the crypto industry were going to have a devastating impact on the value of his business! Then, not having any confidence that the Republicans were about to take control of the House, they were not ready for him to testify about the whereabouts of millions of dollars, they decided to have the SEC arrest him hours before a House hearing he had agreed to. It would be extremely interesting to find out how that arrest was coordinated with such formidable timing, and what collaboration there may have been between the Biden administration and the SEC or someone operating on their behalf. This administration is out to capture and confiscate any wealth it cannot control, including generational wealth in the form of inheritance, including land.

Why so desperate? Have you noticed the average age of the most powerful of these despots? Klaus Schwab and George Soros have a very limited time on this earth! They want results before they leave this world. They are in a desperate race to achieve a world socialist economy totally controlled by a few people! The more the free market proves the best reward for the individual, the one who decides to risk time and money for the chance to contribute to the world, creating wealth and employment, the more these despots invest their own money to put road blocks in front of them. Every age has these despots, completely fueled out of moral intolerance of individual freedom and envy of that individual and his or her success. The difference today is that these despots are winning. We must recognize that there is a point of no return, a point in time when there will be no more stopping them, no more freedom loving patriots like Ron DeSantis, Elon Musk, no more wealth producing self reliant societies to count on when governments turn on their own citizens. We can still avoid getting there. As long as there’s a chance a number of us will be out there, giving it all we have!

References

  1. This site claims that it is temporarily being repaired https://mainstreetcrypto.com/articles/what-is-stakeholder-capitalism/
  2. Klaus Schwab-The New Karl Marx Destined To Kill Hundreds Of Millions https://www.armstrongeconomics.com/armstrongeconomics101/socialist/klaus-schwab-the-new-karl-marx-destined-to-kill-hundreds-of-millions/
  3. Klaus Schwab is a Jew https://karlhaemers.substack.com/p/klaus-schwab-is-a-jew
  4. LARRY FINK’S 2022 LETTER TO CEOS: The Power of Capitalism https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter?cid=ppc:blk:ll:na:ol:goog:na:v3:bhv:tl&gclid=82b18afe209414151aeee981152f72d2&gclsrc=3p.ds
  5. How To Fix Stagnant Wages: Dump The World’s Dumbest Idea https://www.forbes.com/sites/stevedenning/2018/07/26/how-to-fix-stagnant-wages-dump-the-worlds-dumbest-idea/?sh=5c6eaf981abc